Mr. Bo mounted a spirited defense on the trial’s second day, calling his wife Gu Kailai crazy and rejecting her testimony as “insane.” Ms. Gu, appearing on video, offered new detail about a business dispute between the family and British national Neil Heywood, who she was convicted of murdering. She also testified that Mr. Bo knew about the bribes. (LA Times, Financial Times sub req, WSJ China Real Time, BBC, WSJ China Real Time, Wall Street Journal, SKY)

Hakan Samuelsson, head of Volvo Cars, will settle a German investigation into corruption allegations linked to his tenure as CEO of MAN SE by paying $668,000 to charity. (Bloomberg)

Indonesia’s KPK named the head of a futures exchange as a bribery suspect. He didn’t appear to be contacted. (Jakarta Post)

Barry Vitou of Pinsent Masons said the new SFO anti-bribery head couldn’t come at a more important time for the agency. A client alert from Morrison & Foerster wonders if we’ve hit a new era of Canadian anti-bribery enforcement.

The FCPA Blog runs a China corruption blotter, explains political investment in Indonesia and warns that small companies are still vulnerable to enforcement.

Mike Volkov discusses vendor and supplier risk. Tom Fox continues a series on supply chain risk. The FCPAProfessor runs his weekly roundup. James McGrath dives into the question of compliance programs and law firms investigating themselves.

Cybercrime:

A client alert from Sheppard Mullin provides cyber law updates from the European Union and the U.S. A client alert from Morrison & Foerster says beware of the botnets.

Money Laundering:

The U.S. Justice Department dropped money laundering charges filed in 2011 against Miami-based Ocean Bank after it completed the terms of a two-year deferred prosecution agreement. (South Florida Business Journal)

The Reserve Bank of India fined six public sector banks for anti-money laundering and know-your-customer due diligence failures, bringing its total enforcement record in 2013 to more than 30. (The Hindu BusinessLine, Zee)

Boxer Lee Purdy is one of six people charged with money laundering in connection with an organized crime group targeting elderly people in the U.K. None of those charged appeared to be contacted for comment. (Gazette News)

Financial institutions in the UAE were told to hunt for any possible assets in the country belonging to internationally known insurgents, and to inform a special anti-money laundering unit about what they find. (Gulf News)

Guyana went to the Caribbean FATF without anti-money laundering legislation passed, as was required. (Kaiteur News)

China signed up for the G-20 crackdown on tax evasion. (Daily Telegraph)

Sanctions continue to harm Iran’s economy, but it isn’t budging on its nuclear program. (AP)

India’s imports of Iranian crude plunged by 75% in July compared to the month prior, according to tanker arrival data. China’s average daily crude imports from Iran fell 12.6% in July against the same month last year. Both countries have waivers from U.S. sanctions provided they keep cutting oil imports. (Reuters, Reuters)

Tehran reportedly paved over parts of a military base that U.N. nuclear inspectors have unsuccessfully tried to visit for years because they suspect it was once a laboratory for testing weapons triggers. (NY Times)

Many executives express concerns about their existing cyber incident response plans, despite a number of high-profile breaches. The uncertainty surrounding cyber incident response presents an opportunity to educate the executive team on cyber resilience, the coordinated set of enterprisewide activities designed to help organizations respond to, and recover from, a variety of cyber incidents, while reducing their impact to business operations, cost and brand damage.

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About Risk & Compliance

Risk & Compliance provides news and commentary to corporate executives and others who need to understand, monitor and control the many risks that can tarnish brands, distract management and harm investors. Its content spans governance, risk and compliance and includes analysis of the significance of laws and regulations, the risks inherent in global expansion and the protective moves taken by companies.